MGM Resorts International (NYSE:MGM) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded MGM Resorts from “hold” to “sell,” adding to mixed analyst sentiment. The broader consensus remains “hold,” with an average price target of $45.18.
• MGM shares opened at $29.92, well below their 50-day and 200-day moving averages, and have traded between $26.71 and $51.59 over the past year.
• Third-quarter results missed expectations: MGM reported a loss of $0.11 per share versus analysts’ projected profit of $0.04, while revenue of $4.21 billion was essentially flat year over year.

MGM Resorts International (NYSE:MGM - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday, Wall Street Zen reports.

MGM has been the subject of several other research reports. Bank of America assumed coverage on shares of MGM Resorts International in a research report on Thursday, September 24th. They issued a "neutral" rating and a $40.00 target price for the company. Wells Fargo & Company reduced their price target on shares of MGM Resorts International from $29.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Friday. HSBC upgraded MGM Resorts International to a "strong-buy" rating in a research note on Thursday, July 30th. UBS Group lowered their price objective on MGM Resorts International from $50.00 to $46.00 and set a "neutral" rating for the company in a report on Friday, September 11th. Finally, JPMorgan Chase & Co. cut their price objective on MGM Resorts International from $42.00 to $39.00 and set an "overweight" rating on the stock in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $45.18.

MGM Resorts International Stock Up 3.8%

Shares of NYSE:MGM opened at $29.92 on Friday. The firm has a market cap of $7.57 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.62 and a beta of 1.35. The company has a fifty day simple moving average of $34.79 and a 200 day simple moving average of $39.00. The company has a current ratio of 1.24, a quick ratio of 1.30 and a debt-to-equity ratio of 1.68. MGM Resorts International has a 12-month low of $26.71 and a 12-month high of $51.59.

MGM Resorts International (NYSE:MGM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.15). MGM Resorts International had a net margin of 3.92% and a return on equity of 20.58%. The company had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter last year, the company earned $0.24 earnings per share. The company's revenue was down .9% compared to the same quarter last year. On average, equities research analysts anticipate that MGM Resorts International will post 1.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in shares of MGM Resorts International in the first quarter valued at approximately $30,000. Latitude Advisors LLC bought a new stake in MGM Resorts International during the third quarter worth approximately $27,000. Optiver Holding B.V. bought a new stake in MGM Resorts International during the first quarter worth approximately $35,000. Fiduciary Financial Advisors acquired a new stake in MGM Resorts International in the second quarter worth approximately $48,000. Finally, Global Retirement Partners LLC acquired a new stake in MGM Resorts International in the second quarter worth approximately $53,000. 68.11% of the stock is currently owned by institutional investors.

Key Headlines Impacting MGM Resorts International

Here are the key news stories impacting MGM Resorts International this week:

• Positive Sentiment: Digital gaming momentum: BetMGM’s third-quarter net revenue increased 7%, and its first 100 days in Alberta reportedly outperformed the company’s Ontario launch, supporting the growth outlook for MGM’s online betting and iGaming operations. BetMGM Marks 100 Days in Alberta
• Positive Sentiment: Macau remains a bright spot: MGM China reported record third-quarter revenue and adjusted EBITDA, while market share reached a record 17.1%, indicating resilient Chinese gaming demand and execution. MGM China Reports 2026 Third-Quarter Results
• Positive Sentiment: Some operational strength: Las Vegas slot win reached a new resort record, and JPMorgan and Truist kept bullish ratings despite lowering their targets. JPMorgan’s revised target implies substantial upside, while Truist maintained a “buy” rating.
• Neutral Sentiment: People Inc. deal talks ended: MGM’s CEO said the company is no longer pursuing negotiations with People Inc. The decision removes potential transaction uncertainty but also eliminates any near-term expansion catalyst. MGM Ends Deal Talks With People Inc.
• Negative Sentiment: Quarterly earnings missed: MGM posted a third-quarter loss of $0.11 per share, versus analyst expectations for a profit, while revenue was roughly flat year over year. MGM Reports Q3 Loss
• Negative Sentiment: Las Vegas weakness is weighing on sentiment: Lower room rates and weaker regional profitability pressured results, contributing to the stock reaching a new 52-week low. MGM Las Vegas Revenue and Earnings Fall
• Negative Sentiment: Analyst caution increased: Wells Fargo cut its target to $28 and assigned an “equal weight” rating. Stifel also lowered its target to $35 and moved to “hold,” while Truist and JPMorgan reduced their targets despite retaining bullish ratings.

About MGM Resorts International

MGM Resorts International is a global hospitality and entertainment company that develops, owns, and operates destination resorts featuring casinos, hotels, restaurants, entertainment venues, convention facilities, retail spaces, and nightlife offerings. Its portfolio includes well-known properties such as MGM Grand, Bellagio, ARIA, Mandalay Bay, and The Cosmopolitan of Las Vegas.

The company serves customers through properties in Las Vegas and other U.S. markets, including regional destinations in Michigan, Maryland, Massachusetts, Mississippi, New Jersey, New York, and Ohio.

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